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Thread: Things ARE Worse Than Four Years Ago

  1. Default Things ARE Worse Than Four Years Ago

    America drops to No. 7 in competitiveness.

    http://danieljmitchell.wordpress.com...iveness-index/

    quote:
    “The U.S. then fell to 5th place last year, in part because of horrible scores for “Wastefulness of Government Spending” (68th place) and “Burden of Government Regulation” (49th place).”

    ”…the just-released 2012 Report … The United States has now dropped to 7th place.”

    “…trust in politicians is not strong (54th)…”
    “…the government spends its resources relatively wastefully (76th)…”
    “A lack of macroeconomic stability continues to be the country’s greatest area of weakness (111th, down from 90th last year).”

    “The U.S. scores 42nd in property rights, behind Namibia and Uruguay.”
    “The U.S. ranks 59th in government favoritism, behind Guinea and Bolivia.”
    “The U.S. scores 76th in wastefulness in government spending, behind Mali and Nicaragua.”
    “The U.S. also is 76th in the burden of government regulation, behind Kenya and Thailand.”
    “The U.S. scores 69th in extent of taxation, behind Gambia and Ethiopia.”
    “The U.S. ranks 103rd for total tax rate, behind Greece (!) and Philippines.”

    Taxcutter says:
    Wow! Look at the company we keep: Namibia, Uruguay, Guinea, Bolivia, Mali, Nicaragua,Kenya, Thailand, Gambia, Ethiopia, Greece, and the PI. Third World economics under Obama.

    No wonder the US is not competitive. The government is in the way – big time.
    ObamaTax Delendum Est

  2. Default

    We're more than better off...

    Here's ten headlines from 2008:
    STOCK SHOCK FELT ROUND THE WORLD. Gets ‘nasty’ as Lehman tanks, Merrill vanishes, AIG wobbles [New York Daily News, September 16, 2008]

    Depression Coming? Boil Some Beans; Ladies Who Quilt Give Tips On Surviving Tough Times [Albuquerque Journal, September 21, 2008]

    One day on the brink On Wednesday, it seemed U.S. economy might collapse [St. Louis Post-Dispatch, September 21, 2008]

    ‘Great Depression’ closer than U.S. admits, report finds [Pittsburgh Tribune-Review, September 27, 2008]

    Will Bush become the new Hoover? [Politico, September 19, 2008]

    Developers bend under housing meltdown [Colorado Springs Gazette, September 27, 2008]

    Depression seen possible [Florida News-Press, September 27, 2008]

    Wall Street Meltdown Continues [CNN, September 17, 2008]

    Is It Really the Next ‘Great Depression’? [NPR, September 19, 2008]

    Behind Closed Doors, Warnings of Calamity [The New York Times, September 20, 2008]

  3. Default

    The fact that the MSM was (as usual) dead wrong in 2008 changes anything?
    ObamaTax Delendum Est

  4. #4

    Default

    Quote Originally Posted by Taxcutter View Post
    The fact that the MSM was (as usual) dead wrong in 2008 changes anything?

    January 2009

    Job loss: Worst in 34 years
    Employers slashed 598,000 more jobs in January [2009] as unemployment rate climbed to 7.6%.

    NEW YORK (CNNMoney.com) -- Employers slashed another 598,000 jobs off of U.S. payrolls in January, taking the unemployment rate up to 7.6%, according to the latest government reading on the nation's battered labor market.

    The latest job loss is the worst since December 1974, and brings job losses to 1.8 million in just the last three months, or half of the 3.6 million jobs that have been lost since the beginning of 2008.


    http://money.cnn.com/2009/02/06/news...uary/index.htm

    Market players were also disappointed by reports that U.S. home prices fell 8.7% year-over-year in November, U.S. housing starts fell 15.5% in December, and weekly initial jobless claims rose 62,000 to 589,000.
    http://www.businessweek.com/investor...122_192905.htm

    On Wednesday, the 30-stock Dow Jones industrial average finished with a loss of 248.42 points, or 2.94%, to 8,200[/B].

    http://www.businessweek.com/investor...114_103250.htm

    598,000 Jobs Shed In Brutal January

    Unemployment Hits 7.6% as Downturn Picks Up Steam

    The need for progress on those fronts seemed more important than ever yesterday, as the Labor Department announced that conditions worsened more than expected last month. The nation's employers shed 598,000 jobs, the most since 1974, driving the unemployment rate to 7.6 percent from 7.2 percent. If the jobless rate keeps rising at the pace it has for the past two months, it will hit double digits in summer and reach its highest rate since the Great Depression by the fall.


    http://www.washingtonpost.com/wp-dyn...020601156.html

    GROSS DOMESTIC PRODUCT: FOURTH QUARTER 2008 (PRELIMINARY)
    Real gross domestic product -- the output of goods and services produced by labor and property located in the United States -- decreased at an annual rate of 6.2 [later revised to 9.2] percent in the fourth quarter of 2008[/B], (that is, from the third quarter to the fourth quarter), according to preliminary estimates released by the Bureau of Economic Analysis.


    http://www.bea.gov/newsreleases/nati...df/gdp408p.pdf

    Continued Unemployment Claims at Record High
    In the week ending Jan. 24, the advance figure for seasonally adjusted initial claims was 588,000, an increase of 3,000 from the previous week's revised figure of 585,000.

    http://www.calculatedriskblog.com/20...at-record.html[/QUOTE]

    Today, the economy has been growing steadily for three years, the private sector has added jobs every month for 29 months in a row, stock markets are up almost 100% from their recession lows, the unemployment rate has fallen from above 10% to 8.3%, and over 4.5 million private sector jobs have been added since Jan 2010.

    And Osama Bin Laden is dead instead of plotting how to kill more Americans.

    Only those invested in failure for political purposes could claim America was better off in January 2009.
    Last edited by Iriemon; Sep 05 2012 at 07:00 AM.

  5. Default

    Who cares or remembers a 7th place "team"...no one. We need to be number one and Romney is the start to rebuilding our nation. Obama is dismantling it brick by brick.
    "If Republicans wanted to Destroy America, they would Vote Democrat."
    Coolwalker

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